Saturday, June 25, 2022
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Login
WebTradeTalk Community
DigitalOcean Referral Badge
  • Home
  • Finance
    How to Make a Home Inventory for Insurance Claims

    How to Make a Home Inventory for Insurance Claims

    Why You (and I) Should Name a ‘Trusted Contact’

    Why You (and I) Should Name a ‘Trusted Contact’

    5 Things to Know About Truist Credit Cards

    5 Things to Know About Truist Credit Cards

    How to Sell Your Car Online

    How to Sell Your Car Online

    How to Book the Star Wars Hotel With Points

    How to Book the Star Wars Hotel With Points

    Lightspeed Restaurant Review 2021: Pricing, Features, Alternatives

    Charles Schwab vs. Robinhood: 2022 Comparison

    Is an Airbnb or a Hotel Right for Your Next Trip?

    Is an Airbnb or a Hotel Right for Your Next Trip?

    How to Insure Your Money When You’re Banking Over $250K

    How to Insure Your Money When You’re Banking Over $250K

    How Does AutoSlash Work? – webtradetalk.com

    How Does AutoSlash Work? – webtradetalk.com

  • Investing
    Explaining the Benefits & Drawbacks

    Explaining the Benefits & Drawbacks

    Coinbase Pro review: advanced crypto exchange for experienced traders

    Coinbase Pro review: advanced crypto exchange for experienced traders

    Best Stocks Under $5 That Pay Dividends

    Best Stocks Under $5 That Pay Dividends

    10 Best Oil Stocks to Buy Now

    10 Best Oil Stocks to Buy Now

    Best Platforms to Invest in Art

    Best Platforms to Invest in Art

    Hot Cash Stocks for 2022

    Hot Cash Stocks for 2022

    What is the DAX Stock Index?

    What is the DAX Stock Index?

    10 Smart Things To Do With Your Tax Refund

    10 Smart Things To Do With Your Tax Refund

    How to Spot a Crypto Scam (In-Depth Guide)

    How to Spot a Crypto Scam (In-Depth Guide)

  • Stock
  • Forex Trading
    Sterling slips in Brexit countdown, Aussie rallies By Reuters

    Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com

    Argentina Peso Tumbles on Bid to Tap $50 Billion IMF Line Faster By Bloomberg

    Argentina Tested as Peso Selloff Prompts Third Abrupt Increase By Bloomberg

    Dollar Drifts Lower as Treasury Yields Retreat By Investing.com

    Dollar Hits Fresh 4-Month High After Mixed Jobs Report By Investing.com

    Dollar Flat After Fed; Aussie Dollar Falls on Weak China PPI Data By Investing.com

    Dollar Eases From 2018 Highs as Wage Growth Woes ‘Puzzle’ Traders By Investing.com

    Virus worries buoy dollar, pound swung by Brexit gyrations By Reuters

    Forex – Weekly Outlook: May 7

    Dollar index at near four-month high after U.S. jobs data By Reuters

    Taiwan probes foreign banks over grain firms’ arbitrage By Reuters

    Forex – Dollar Steady at 4-month High; Aussie Up On Business Confidence By Investing.com

    Dollar Holds Near 4-Month High in 4th Week of Gains By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

  • Crypto
    Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions – Bitcoin News

    Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions – Bitcoin News

    South Korea to Invest $177 Million Directly in Metaverse Platforms – Metaverse Bitcoin News

    South Korea to Invest $177 Million Directly in Metaverse Platforms – Metaverse Bitcoin News

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    GameFi – Play Hard, Earn Hard

    GameFi – Play Hard, Earn Hard

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Crypto Market Rebounds As Tech firms Boycott Russia

    Crypto Market Rebounds As Tech firms Boycott Russia

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    How 4DOT is making DeFi Accessible to Crypto Investors

    How 4DOT is making DeFi Accessible to Crypto Investors

  • Donate
No Result
View All Result
  • Home
  • Finance
    How to Make a Home Inventory for Insurance Claims

    How to Make a Home Inventory for Insurance Claims

    Why You (and I) Should Name a ‘Trusted Contact’

    Why You (and I) Should Name a ‘Trusted Contact’

    5 Things to Know About Truist Credit Cards

    5 Things to Know About Truist Credit Cards

    How to Sell Your Car Online

    How to Sell Your Car Online

    How to Book the Star Wars Hotel With Points

    How to Book the Star Wars Hotel With Points

    Lightspeed Restaurant Review 2021: Pricing, Features, Alternatives

    Charles Schwab vs. Robinhood: 2022 Comparison

    Is an Airbnb or a Hotel Right for Your Next Trip?

    Is an Airbnb or a Hotel Right for Your Next Trip?

    How to Insure Your Money When You’re Banking Over $250K

    How to Insure Your Money When You’re Banking Over $250K

    How Does AutoSlash Work? – webtradetalk.com

    How Does AutoSlash Work? – webtradetalk.com

  • Investing
    Explaining the Benefits & Drawbacks

    Explaining the Benefits & Drawbacks

    Coinbase Pro review: advanced crypto exchange for experienced traders

    Coinbase Pro review: advanced crypto exchange for experienced traders

    Best Stocks Under $5 That Pay Dividends

    Best Stocks Under $5 That Pay Dividends

    10 Best Oil Stocks to Buy Now

    10 Best Oil Stocks to Buy Now

    Best Platforms to Invest in Art

    Best Platforms to Invest in Art

    Hot Cash Stocks for 2022

    Hot Cash Stocks for 2022

    What is the DAX Stock Index?

    What is the DAX Stock Index?

    10 Smart Things To Do With Your Tax Refund

    10 Smart Things To Do With Your Tax Refund

    How to Spot a Crypto Scam (In-Depth Guide)

    How to Spot a Crypto Scam (In-Depth Guide)

  • Stock
  • Forex Trading
    Sterling slips in Brexit countdown, Aussie rallies By Reuters

    Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com

    Argentina Peso Tumbles on Bid to Tap $50 Billion IMF Line Faster By Bloomberg

    Argentina Tested as Peso Selloff Prompts Third Abrupt Increase By Bloomberg

    Dollar Drifts Lower as Treasury Yields Retreat By Investing.com

    Dollar Hits Fresh 4-Month High After Mixed Jobs Report By Investing.com

    Dollar Flat After Fed; Aussie Dollar Falls on Weak China PPI Data By Investing.com

    Dollar Eases From 2018 Highs as Wage Growth Woes ‘Puzzle’ Traders By Investing.com

    Virus worries buoy dollar, pound swung by Brexit gyrations By Reuters

    Forex – Weekly Outlook: May 7

    Dollar index at near four-month high after U.S. jobs data By Reuters

    Taiwan probes foreign banks over grain firms’ arbitrage By Reuters

    Forex – Dollar Steady at 4-month High; Aussie Up On Business Confidence By Investing.com

    Dollar Holds Near 4-Month High in 4th Week of Gains By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

  • Crypto
    Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions – Bitcoin News

    Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions – Bitcoin News

    South Korea to Invest $177 Million Directly in Metaverse Platforms – Metaverse Bitcoin News

    South Korea to Invest $177 Million Directly in Metaverse Platforms – Metaverse Bitcoin News

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    GameFi – Play Hard, Earn Hard

    GameFi – Play Hard, Earn Hard

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Crypto Market Rebounds As Tech firms Boycott Russia

    Crypto Market Rebounds As Tech firms Boycott Russia

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    How 4DOT is making DeFi Accessible to Crypto Investors

    How 4DOT is making DeFi Accessible to Crypto Investors

  • Donate
No Result
View All Result
WebTradeTalk Community
No Result
View All Result
Home Investing

PLTR Stock: Impressive Growth Yet it Continues Falling

Newsroom by Newsroom
January 2, 2022
in Investing
0
PLTR Stock: Impressive Growth Yet it Continues Falling
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

After its debut, the high expectations for PLTR stock are crashing down so far this year, with Palantir down 20%. But the company’s latest earnings report shows it continues to grow while adding significant contracts.

Palantir Technologies is a software company specializing in breaking down large amounts of data. In particular, the company’s tech helps businesses and organizations analyze their data to turn it into meaningful information.

With this in mind, one of Palantir’s biggest customers is the U.S. Government. U.S. agencies like the Department of Defense (DOD) and the National Institute of Health (NIH) use the company’s products to sort through massive amounts of data.

On the other hand, Palantir is growing its commercial business with a growing number of clients outside of the government. For example, the company’s latest partnership is with Dewpoint Therapeutics to discover treatments for the world’s most challenging diseases.

Even though the company continues building on its momentum, PLTR stock isn’t budging. With concerns over data privacy, investors may worry about the company’s future. Yet the latest guidance suggests revenue growth of +30% through 2025.

Keep reading to learn more about PLTR stock and what to expect in 2022.

Why Is Palantir’s Business Significant

There’s data mining everywhere. From social media sites to the information you give your favorite retail store, your data is vulnerable. And when businesses grow to thousands or millions of customers, they need a way of sorting through it.

This is where Palantir comes in. They provide their software to businesses and governments to help them sort it quickly. The company currently operates three products, including:

Palantir Gotham is an AI operating system for government agencies to predict and inform of events such as pandemics and war. Then, the Foundry platform is designed to help companies build safer cars, accelerate cancer research, and improve supply chains.

Lastly, Palantir Apollo makes it easy for Gotham and Foundry users to manage their platforms. Most importantly, the company serves a wide range of customers from diverse industries.

Impressive Earnings Growth

As Palantir continues adding big clients to its roster, the growth stock remains under pressure. In the third quarter, the firm’s revenue grew 36% from Q3 2020 to $392 million.

Although 36% year-over-year (YOY) revenue growth sounds great, it marks the lowest revenue growth since becoming a public company. At the same time, Palantir is still growing at a steady rate. Below is a snapshot of PLTR stock revenue growth in the past seven quarters, including YOY growth.

  • Q1 2020:33 million, 42%
  • Q2 2020:89 million, 43%
  • Q3 2020: 289.37 million, 52%
  • Q4 2020:09 million, 41%
  • Q1 2021:23 million, 49%
  • Q2 2022:64 million, 49%
  • Q3 2022:15 million, 36%

Looking at the company’s income statements, growth is not a concern. Not to mention as a software company, Palantir has a relatively low cost of revenue (86 million), which is less than a fourth of its income.

On top of this, the company is managing its cash better with a 26% margin and $101 million from operations. Yet PLTR still posted a net loss of $102 million in the quarter.

But the most important takeaway from the report is the company’s growing number of clients. In Q3, PLTR gained 54 new deals worth +$1 million. Furthermore, 33 are over $5 million, and another 18 are $10 million or more.

PLTR Stock Continues Falling in 2021

Despite the company’s relentless growth, 2021 was not rewarding to PLTR stock. After running to an all-time high of $45 in January, PLTR shares continue slipping and are down 57% since then.

As can be seen, investors are not worried about the company’s ability to attract customers. The concern lies more with what Palantir’s products can do. Data is a sensitive subject right now, with over 80% of the public agreeing data collecting does more harm than good.

Yet the company’s entire business model is based on this idea. In fact, last year, members of Congress wrote a letter to the SEC asking to investigate Palantir because of its practices.

So, this could be part of the reason why PLTR stock is feeling the pressure this year. If investors worry about future regulation, it could deter them from investing any more money.

Another key point to consider is the big government contracts boosting PLTR’s top line. We’ve seen what can happen with other defense contractors such as Lockheed Martin (NYSE: LMT).

At the same time, PLTR stock is still up over 100% since becoming a public company last year. The fallout could be a classic case of profit-taking after a big run-up.

PLTR Stock Forecast: Can Palantir Achieve Its Growth Targets

With Palantir projecting annual revenue growth of over 30% the next four years, you would think investors would be lining up to own a piece. With this in mind, if the company can continue building strong partnerships, the growth is achievable.

Nonetheless, until we see more clarity around data and privacy laws, PLTR could continue feeling the pressure.

Palantir addresses this issue in a blog post explaining they bring their software to the user. Users can manage their own data with Palantir’s platforms rather than them taking in the data and sorting it in their own database.

Having said that, PLTR stock is sitting near all-time lows, with a growing user base. The company is expecting the momentum to continue into 2022 with growing expectations. And with the company now expanding its Foundry platform for startups and crypto companies, it furthers its addressable market.

Palantir’s average price target of $23 per share gives PLTR stock over 20% upside from its current levels. At this rate, it’s hard to see PLTR going to much lower unless they hit a major setback. If regulations creep in or growth slows, it could continue treading water.


About Pete Johnson

Pete Johnson is an experienced financial writer and content creator who specializes in equity research and derivatives. He has over ten years of personal investing experience. Digging through 10-K forms and finding hidden gems is his favorite pastime. When Pete isn’t researching stocks or writing, you can find him enjoying the outdoors or working up a sweat exercising.

Source link

Tags: ContinuesFallingGrowthImpressivePLTRStock
Previous Post

What’s Next For Kroger’s Stock?

Next Post

Loans to Start a Farm: Farm Financing Options

Newsroom

Newsroom

Related Posts

Explaining the Benefits & Drawbacks
Investing

Explaining the Benefits & Drawbacks

by Newsroom
June 5, 2022
Coinbase Pro review: advanced crypto exchange for experienced traders
Investing

Coinbase Pro review: advanced crypto exchange for experienced traders

by Newsroom
June 5, 2022
Best Stocks Under $5 That Pay Dividends
Investing

Best Stocks Under $5 That Pay Dividends

by Newsroom
March 3, 2022
10 Best Oil Stocks to Buy Now
Investing

10 Best Oil Stocks to Buy Now

by Newsroom
March 3, 2022
Best Platforms to Invest in Art
Investing

Best Platforms to Invest in Art

by Newsroom
March 2, 2022
Next Post
Loans to Start a Farm: Farm Financing Options

Loans to Start a Farm: Farm Financing Options

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Articles

BitOptionsFxt, the new wave venture capitalists

June 11, 2022
Explaining the Benefits & Drawbacks

Explaining the Benefits & Drawbacks

June 5, 2022
Coinbase Pro review: advanced crypto exchange for experienced traders

Coinbase Pro review: advanced crypto exchange for experienced traders

June 5, 2022

Browse by Category

  • .
  • Crypto
  • Finance
  • Forex Trading
  • Investing
  • Stock

About us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Personal Finance, Stock, Investing, Crypto, and more.

Categories

  • .
  • Crypto
  • Finance
  • Forex Trading
  • Investing
  • Stock

Recent Posts

  • BitOptionsFxt, the new wave venture capitalists
  • Explaining the Benefits & Drawbacks
  • Coinbase Pro review: advanced crypto exchange for experienced traders
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2021 webtradetalk.com - All rights reserved

No Result
View All Result
  • Home
  • Finance
  • Investing
  • Stock
  • Forex Trading
  • Crypto
  • Donate

© 2021 webtradetalk.com - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$60,736.00-1.05%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • ethereumEthereum(ETH)$4,240.29-1.27%
  • binancecoinBinance Coin(BNB)$516.85-0.75%
  • tetherTether(USDT)$1.00-0.09%
  • cardanoCardano(ADA)$1.96-0.75%
  • SolanaSolana(SOL)$196.662.08%
  • rippleXRP(XRP)$1.091.42%
  • polkadotPolkadot(DOT)$42.28-1.30%
  • Shiba InuShiba Inu(SHIB)$0.000067-5.05%
  • dogecoinDogecoin(DOGE)$0.261766-4.15%
  • usd-coinUSD Coin(USDC)$1.00-0.08%
  • TerraTerra(LUNA)$42.35-2.09%
  • AvalancheAvalanche(AVAX)$63.120.93%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$60,784.00-0.96%
  • chainlinkChainlink(LINK)$29.46-1.35%
  • Binance USDBinance USD(BUSD)$1.00-0.14%
  • litecoinLitecoin(LTC)$190.63-0.15%
  • UniswapUniswap(UNI)$24.680.07%
  • matic-networkPolygon(MATIC)$1.85-1.97%
  • algorandAlgorand(ALGO)$1.820.55%
  • bitcoin-cashBitcoin Cash(BCH)$593.931.51%
  • cosmosCosmos(ATOM)$36.33-3.38%
  • stellarStellar(XLM)$0.3666102.15%
  • vechainVeChain(VET)$0.130379-1.17%
  • Axie InfinityAxie Infinity(AXS)$137.08-5.29%
  • Internet ComputerInternet Computer(ICP)$45.074.39%
  • daiDai(DAI)$1.00-0.06%
  • filecoinFilecoin(FIL)$63.938.88%
  • tronTRON(TRX)$0.099972-0.89%
  • theta-tokenTheta Network(THETA)$7.12-7.47%
  • ethereum-classicEthereum Classic(ETC)$53.802.21%
  • FTX TokenFTX Token(FTT)$58.46-1.92%
  • FantomFantom(FTM)$2.68-1.66%
  • cETHcETH(CETH)$85.17-1.02%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • HederaHedera(HBAR)$0.401606-3.25%
  • Lido Staked EtherLido Staked Ether(STETH)$4,218.57-0.97%
  • OKBOKB(OKB)$20.58-2.77%
  • tezosTezos(XTZ)$6.26-1.07%
  • ElrondElrond(EGLD)$264.881.10%
  • Crypto.com CoinCrypto.com Coin(CRO)$0.208427-3.29%
  • NearNear(NEAR)$9.86-6.89%
  • The GraphThe Graph(GRT)$0.995.37%
  • moneroMonero(XMR)$268.562.08%
  • eosEOS(EOS)$4.562.83%
  • FlowFlow(FLOW)$13.88-4.08%
  • PancakeSwapPancakeSwap(CAKE)$17.40-3.20%
  • AaveAave(AAVE)$310.80-2.66%
  • KlaytnKlaytn(KLAY)$1.58-1.86%